The global industrial gases market reached a value of US$ 93.7 Billion in 2021. By 2027, the market value is projected to reach US$ 129.1 Billion, at a CAGR of 5.4% during 2022-2027. As per the analysis by IMARC Group, the top industrial gases companies are focusing on numerous technological innovations in the manufacturing and distribution of various industrial gases. In addition to this, the rise in investments in extensive research and development activities (R&D) with an enhanced focus on sustainable development practices are fueling the market. Also, the major market players are utilizing industrial gases for aerospace and defense, communications and broadcasting applications, which is creating a positive market outlook. Furthermore, the rapid growth of manufacturing and processing sectors worldwide is likely to provide market players with growth opportunities in the near future as they invest in production expansion. The market participants operating in the industrial gases market are also utilizing untapped opportunities in the applications of industrial gases for emergency medical situations.
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Top Industrial Gases Companies in the World:
Air Liquide S.A.
Headquarter: Paris, France
As a global leader in gases, technologies, and services for industry and health, Air Liquide has more than 66,400 employees and serves more than 3.8 million customers worldwide. Founded in 1902, the company has focused on producing oxygen, nitrogen, and hydrogen. Besides developing solutions that contribute to climate change and the energy transition-particularly with hydrogen, the Group also advances healthcare, digital, and high-tech sectors. The Group enjoys major advantages such as its business model that combines strength and resilience, its capacity to innovate, and its expertise in technology.
Headquarter: Dublin, Ireland
Linde plc is a global multinational industrial gases and chemical engineering company. Among the company's main products are atmospheric gases, such as oxygen, nitrogen, argon, rare gases, and process gases, such as carbon dioxide, helium, hydrogen, ammonia, electronic gases, specialty gases, and acetylene. The company provides high-quality solutions, technologies, and services that help the environment while resulting in the expansion of multiple industries. Among its customers are healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, material handling equipment (MHE), chemicals, electronics, and water treatment.
Air Products and Chemicals, Inc.
Headquarter: Pennsylvania, the United States
Air Products Inc has been serving the energy, environmental, and emerging markets for over 80 years, driven by sustainability. As Air Products' base business, the company supplies essential industrial gases, related equipment, and applications expertise to customers in a wide range of industries, such as refining, chemical manufacturing, metals, electronics, and food manufacturing. Aside from liquefied natural gas process technology and equipment, Air Products also provides cryogenic containers, membrane systems, and turbomachinery worldwide. Furthermore, some of the world's most complex industrial gas and carbon-capture projects are created, engineered, built, owned, and operated by the Company, providing clean hydrogen to global transportation, industrial markets, and broader energy transitions at a large scale. Having operations in over 50 countries, the company employs more than 21,000 people.
Headquarter: Pennsylvania, the United States
Airgas, a subsidiary of Air Liquide, is one of the largest US suppliers of safety products, and a leading US supplier of ammonia products and process chemicals. In addition to providing industrial, medical, and specialty gases, as well as hardgoods and related products, they also work on sustainable development. The company specializes in medical gases, welding shielding and cutting gases, refrigerant gases, bulk gases, specialty gases, weld supplies, safety supplies, industrial tools and supplies, and equipment rentals. About 1,400 branches, cylinder fill plants, production facilities, specialty gas laboratories, and regional distribution centers are part of its integrated network. Airgas provides products, services and expertise through 18,500 associates using a robust e-Business platform, and their own Airgas Total Access telesales channel.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the industrial gases industry, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:
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